ORTO-ADVANCE: what changed
ORTO-ADVANCE
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€90,532
down €90,532 (-79.0%), from €114,589 to €24,057
mainly Current investments (-€100,000) and Receivables within one year (-€18,393)
- Tangible fixed assets -€29,492
down €29,492 (-4.6%), from €641,344 to €611,852
of which Land and buildings: -€23,262
- Receivables within one year +€18,393
up €18,393 (+322%), from €5,714 to €24,106
of which Trade receivables: +€14,432
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€84,582
down €84,582 (-58.6%), from €144,266 to €59,685
- Taxes -€22,303
down €22,303 (-89.9%), from €24,804 to €2,501
- Financial charges +€5,496
up €5,496 (+42.9%), from €12,823 to €18,319
- Financial income +€1,538
new in 2025: €1,538
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,778 | €765,083 | +€305 | 0.0% |
| Fixed assets | 21/28 | €641,344 | €611,852 | -€29,492 | -4.6% |
| Tangible fixed assets | 22/27 | €641,344 | €611,852 | -€29,492 | -4.6% |
| Land and buildings | 22 | €625,625 | €602,363 | -€23,262 | -3.7% |
| Plant, machinery and equipment | 23 | €7,036 | €4,197 | -€2,839 | -40.4% |
| Furniture and vehicles | 24 | €8,683 | €5,292 | -€3,391 | -39.1% |
| Current assets | 29/58 | €123,434 | €153,231 | +€29,797 | +24.1% |
| Amounts receivable within one year | 40/41 | €5,714 | €24,106 | +€18,393 | +322% |
| Trade receivables | 40 | €4,518 | €18,950 | +€14,432 | +319% |
| Other amounts receivable | 41 | €1,196 | €5,157 | +€3,961 | +331% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €114,589 | €24,057 | -€90,532 | -79.0% |
| Deferred charges and accrued income | 490/1 | €3,132 | €5,068 | +€1,936 | +61.8% |
| Total equity and liabilities | 10/49 | €764,778 | €765,083 | +€305 | 0.0% |
| Equity | 10/15 | €298,819 | €305,461 | +€6,641 | +2.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,819 | €85,461 | +€6,641 | +8.4% |
| Amounts payable | 17/49 | €465,959 | €459,623 | -€6,336 | -1.4% |
| Amounts payable within one year | 42/48 | €465,959 | €459,623 | -€6,336 | -1.4% |
| Trade debts | 44 | €766 | €25 | -€740 | -96.7% |
| Suppliers | 440/4 | €766 | €25 | -€740 | -96.7% |
| Taxes, remuneration and social security | 45 | €1,131 | €622 | -€509 | -45.0% |
| Taxes | 450/3 | €1,131 | €622 | -€509 | -45.0% |
| Other amounts payable | 47/48 | €464,062 | €458,975 | -€5,087 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,419 | €29,492 | +€73 | +0.2% |
| Other operating charges | 640/8 | €4,133 | €4,270 | +€137 | +3.3% |
| Gross operating margin | 9900 | €144,266 | €59,685 | -€84,582 | -58.6% |
| Operating profit (loss) | 9901 | €110,714 | €25,922 | -€84,792 | -76.6% |
| Financial income | 75/76B | - | €1,538 | +€1,538 | |
| Recurring financial income | 75 | - | €1,538 | +€1,538 | |
| Financial charges | 65/66B | €12,823 | €18,319 | +€5,496 | +42.9% |
| Recurring financial charges | 65 | €12,823 | €18,319 | +€5,496 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €97,892 | €9,142 | -€88,749 | -90.7% |
| Income taxes | 67/77 | €24,804 | €2,501 | -€22,303 | -89.9% |
| Profit (loss) for the period | 9904 | €73,088 | €6,641 | -€66,446 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,088 | €6,641 | -€66,446 | -90.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.